P
postman
psaTrading
Experienced member
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Most European stock exchanges traded slightly lower today, prolonging fears of trade tensions between the US and China. However, raw material producers, one of the most affected sectors recently, have recovered, having led the gains. The automotive sector has presented a contained valuation, after the recent news. Other more specific news also marked the session. British supermarket chain Sainsbury fell by more than 2 percent after industry data showed sales fell in the last three months while other competitors showed higher sales.
P
postman
Only a fool would be shorting the S&P after a 95 point drop and a clear up trend!
What were you thinking?
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piphoe
Legendary member
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I'm thinking it's a BS move higher. I'll make a few pts off this..:|
P
postman
So nothing like "Fundamentally the Chinese trade war has been over factored into todays price" or "Technically my eliot wave chart says ..."
Just "This is bull**** so I guess its going lower against all rational factors."
P
postman
I would be interested in ANY thought process you went through to short those markets today.
Any indicator, any chart, any levels ... anything.
piphoe
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P
postman
And once again back on ignore.
itspossible
Senior member
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yes but he is amazing trader now and again.
He just reloads when he blows his cash
that gud trading innit
C
cantagril
P
postman
Dow down 200 already lol.
P
postman
Sniffing out some (relative) value here.
P
postman
Top tip.
Every year around now the oil producers like to stick it to the Amerikan public by jacking up oil prices when they go on holiday. So when delivery is after US holiday season the price starts to fall. Get in now for a longer term (not scalping) investment at just over $70.
Every year around now the oil producers like to stick it to the Amerikan public by jacking up oil prices when they go on holiday. So when delivery is after US holiday season the price starts to fall. Get in now for a longer term (not scalping) investment at just over $70.
P
postman
The problem with the dow is it always rebounds higher after a fall like some non Newtonian power ball. So as much as I'd like to short it more (you know me) unless you think the US easy money party is over, then its a buy.
Just my opinion.
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P
postman
Long dow 24108
P
postman
I have a tight stop here because if it goes lower I've failed to catch this knife.
